Financial Statement help?

Question

You have Bonds, Stocks, Real Estate, Total Investments, Cash & Cash Equivalents, Receivables & Prepaids, Total Cash & Prepaids, Total Assets, Awards Payable & Accrued Expenses, Fund Balance, and lastly, Total Liabilities & Fund Balance, all in a Financial Statement. Which is the current assets, and which is the current liabilities? How do I calculate the current ratio? and which is the Inventory?

Answer 1

Current assets and current liabilities are items that can be turned into cash within a day or two. So in your example, stocks, bonds and of course cash is your current assets. I can not determine your current liabilities, but once you do, divide current assets by current liabilities and that is your current ratio It should be at least a one to one ratio.